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coindesk | XRP Market Cap May Be Overstated by Billions, Messari Report Estimates

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7 minutes ago, princesultan said:

all these market cap numbers are meaningless and bogus anyways....

Agreed, the marketcap and circulating supply debates are not productive. You can make cases for including or excluding all kinds of things, and it means something different, but no one knows what it means. There needs to be a better metric, maybe something involving liquidity and market depth, but that's another discussion. I posted this as a cautionary example to not trust what you read on crypto news, and frankly any news site reporting on crypto including the WSJ. Don't believe what you read, sometimes they're just wrong and uninformed, other times they're stretching the truth to manipulate your opinion and sell you a story.

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CEO of Messari, Ryan Selkis, used to work at Coindesk. This is basically shameless self-promotion.

The same metrics can be applied to any cryptocurrency, and aside from the fact it's a fundamentally flawed assessment, what's obvious is that they know this will draw some attention from the 'XRP Army', cause a stir on social media, and drive traffic to their site. 

 

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Ripple is right.  There are no equivalent caveats in the equities market (as far as I know).  Shares of a company that have been issued with selling restrictions are still included when calculating a company's market cap.  Also, institutional investors often look at the 2050 market cap, not current market cap, when considering which digital assets to invest in: https://www.amun.com/en/index/.

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I'm guessing that was Cory Johnson responding as I've seen him push that market cap calc.

I prefer Brad's take on this: don't worry about the charts day to day, focus on utility. If XRP was 10 places lower on CMC I wouldn't give a crap.

Although it would be nice if the price didn't go down, heheh.

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What in the hell is the point of that article?  Rambling statements with little proof coupled with a manufactured debate about a number that has little meaning or real world implication.

These people are either imbeciles, being paid to spew out nonsense/manipulators, feel threatened by xrp, or all of the above.

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LOL Messari. Their CEO is a TwoBitIdiot. Their reports must be unbiased and fully legit. :rolleyes:

I'm sure their investor Kyle Salami was disappointed he didn't get invited to write the report himself.

Edited by Zerpaholic
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